4340-42 W. 18th St offers an excellent investment opportunity in Chicago's North Lawndale neighborhood. This 7-unit multifamily property provides substantial value-add potential, benefiting from its prime location in both an Opportunity Zone and Enterprise Zone 1, granting significant tax advantages to investors. Property Highlights: Unit Mix: (3) Two-bedroom, one-bathroom units (3) Three-bedroom, one-bathroom units (1) One-bedroom, one-bathroom unit Current Condition: 6 units are vacant and in need of renovations. Renovation budget estimate: $100,000-$150,000. Pro Forma Financial Projections: Monthly Rental Income: $8,850 Net Operating Income (NOI): $74,820 Projected Cash-on-Cash Return: Above 20% With 6 of 7 units available for renovation and lease-up, this property presents a prime opportunity to reposition and maximize income. The estimated renovation costs align with a value-add strategy that enables investors to capitalize on tenant demand and strong market growth potential. Located in the thriving North Lawndale neighborhood, this property is surrounded by public transportation, schools, parks, and other essential amenities, ensuring long-term tenant interest and stability. For investors looking to achieve strong cash-on-cash returns while leveraging the benefits of Opportunity Zone tax incentives, 4340-42 W. 18th St is an unmatched addition to any multifamily portfolio.

Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
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